Yes, you guessed it, it might generate big returns.
This strategy is pretty straightforward but I never understand why people don’t get it.
Because if you invest, then take profit and reinvest it, you lose the power of compounding. You need to keep it growing. Don’t be afraid of market ups and downs. Because you can never go back and plant that seed again in the past. And when you continually take out your capital, then my friend you are not a long-term investor and you speculate. Moreover, you do not understand what compound interest is.
For that reason, if you are serious about investing in the long term to grow your wealth, go and buy books on this topic.
This book will give you a deep overview of investing and how positively you can compound your wealth from your savings.
And the last critical step of successful investing is…
3. If You Are In Doubt, Invest In Things You Use Every Day
“Knowing things and knowledge is not enough, and you know it very well. What is inevitable to do is to take it and implement it.”
The same applies to investing.
If you are not sure where to invest your savings in your opportunity account, look around you and observe what things you use every day.
Maybe, is it your favorite toothbrush and toothpaste brand? Then find out whether that company is publicly traded in the stock market.
Or you may live in a country where cryptocurrency is widely spread as a payment method. Then allocate part of your savings into several top cryptocurrencies to hold it and at the same time use it as a payment gateway.
Besides, do you use a laptop or monitor or TV for your work? Look at the brand and if you really love these devices, why don’t you invest in that publicly-traded company?
Maybe, you live in a particular area with high-demand real estate but don’t have cash or good credit to buy physical property. So search for crowdfunding platforms and leverage the power of the crowd. Chances are, smart investors are also in that real estate vehicle and you can own a fraction of property.
Do you enjoy the weekends with your favorite beer brand, so why don’t you invest in that brand?
You see, successful investing, in the beginning, doesn’t need to be complicated.